Reuters logo
Mauritius's "misaligned" FX rate curbed GDP-FinMin
October 16, 2012 / 7:41 AM / 5 years ago

Mauritius's "misaligned" FX rate curbed GDP-FinMin

PORT LOUIS, Oct 16 (Reuters) - Mauritius’s Finance Minister Xavier Duval said on Tuesday that a “misaligned” foreign exchange rate had cost the Indian Ocean island a percentage point of economic growth this year but said the rupee was now weakening against the euro.

“We have discussed with the central bank and now the situation seems to be improving,” Duval told a news conference. (Reporting by Jean-Paul Arouff; Writing by Duncan Miriri; Editing by Richard Lough)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below